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Tag: NERC

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DisCos hit 94.61% energy offtake in Q4 2024 – NERC

The Nigerian Electricity Regulatory Commission has reported that electricity distribution companies achieved a cumulative energy offtake performance of 94.61% in the fourth quarter of 2024. This marks a 4.14 percentage point increase compared to the third quarter of 2024, as revealed in the recently released NERC 2024/Q4 Report. According to the report, five DisCos surpassed […]

Electricity

Six firms, university abandon national grid over blackouts

The Nigerian Electricity Regulatory Commission has granted approval to six firms and Nile University of Nigeria in Abuja to generate and distribute electricity, following ongoing power outages caused by frequent grid collapses. These entities will be permitted to generate up to 30 megawatts of electricity through various arrangements, aiming to address the country’s energy challenges. […]

Electricity

NERC installs 185,439 prepaid meters in Q4

The Nigerian Electricity Regulatory Commission reported that 185,439 meters were installed in the last quarter of 2024, a 0.19% increase from the 185,087 meters installed in Q3. According to the commission’s report, the new installations raised the net end-user metering rate across all DisCos by 0.42 percentage points, from 46.15% in Q3 2024 to 46.57% […]

News

NERC unveils panel to review, improve national grid operations

The Nigerian Electricity Regulatory Commission has inaugurated the Grid Code Review Panel to enhance the efficiency and technical operations of Nigeria’s power sector. According to the statement, the panel is tasked with reviewing and updating the grid code, which sets the technical standards for connecting to and operating within the national grid. While inaugurating the […]

News

NERC imposes ₦300,000 fine for prepaid meter bypass

The Nigerian Electricity Regulatory Commission has stated that electricity consumers who bypass their prepaid meters will face fines of up to ₦300,000. This measure aims to curb electricity theft and ensure fair billing. This was stated in an amended Order on Unauthorised Access, Meter Tampering, and Bypass released on Tuesday. The fines range from ₦100,000 […]

FG targets 6500 megawatts power generation in six months
News

NERC transfers electricity regulatory authority to Ogun

The Nigerian Electricity Regulatory Commission has transferred electricity regulatory authority to the Ogun State Electricity Regulatory Commission within the state’s jurisdictions. In a statement on Monday, NERC confirmed that this move aligns with the amended Nigerian Constitution and the Electricity Act 2023, as amended. The new Electricity Act 2023 decentralizes the supply and regulation of […]

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Nigeria exports N181.62bn electricity to Togo, Benin, Niger

Nigeria exported a total of N181.62 billion worth of electricity from January to September 2024. The exports were distributed across three quarters: N58.65 billion in Q1 to Togo, Benin, and Niger Republic; N63.28 billion in Q2; and N59.69 billion in Q3, according to National Bureau of Statistics data. Despite the Nigerian Electricity Regulatory Commission imposing […]

FG targets 6500 megawatts power generation in six months
News

Electricity subsidy hits N1.91tn in 11 months

The Federal Government’s electricity subsidy spending has risen to ₦1.91tn in the first 11 months of 2024, according to the Nigerian Electricity Regulatory Commission. Power distribution companies collected ₦1.23tn in revenue in the first nine months, surpassing 2023’s total of ₦1.08tn. Despite the removal of subsidies for Band A customers, analysis of the NERC’s data […]

NERC approves N21bn for free meters to Nigerians
News

Replace old meters for free, NERC orders DisCos

The Nigerian Electricity Regulatory Commission has ordered electricity distribution companies to replace outdated meters for customers at no cost. This was disclosed in a statement on Monday, by the regulatory body’s management. This follows the reports that some electricity companies have been asking customers to replace their Unistar prepaid meters. NERC emphasised that the responsibility […]

Electricity

Discos may be liable for power transmission repairs

The Nigerian Electricity Regulatory Commission is considering making power distribution companies responsible for the costs associated with repairing faulty transformers and replacing transmission infrastructure. It stated that this initiative aims to promote better management and accountability within the Discos, according to The Punch. Meanwhile, the CEO of the Association of Power Generation Companies, Joy Ogaji […]

News

NERC confirms national grid collapse following Jebba transformer explosion

The Nigerian Electricity Regulatory Commission has confirmed the collapse of the national grid, caused by an explosion at a current transformer in the Jebba transmission station. This incident, which occurred at 08:15 hours, led to the shutdown of the grid system, impacting 33 states and the Federal Capital Territory. NERC has assured Nigerians that efforts […]

News

NERC mandates 398MW embedded power for Discos to boost electricity

The Nigerian Electricity Regulatory Commission has mandated that Distribution Companies procure a minimum of 398MW of embedded generation to improve power supply reliability. Embedded generation involves power plants connected to a distribution network rather than the national grid. This directive, outlined in the September 2024 Supplementary Order to the Multi-Year Tariff Order 2024, requires each […]